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John Mack, former president of Morgan Stanley, is reported to have visited the bank's headquarters yesterday amid growing support among senior managers for him to become its new chief executive. He was initially ruled out for the role.

The New York Post reports that Mack, who quit Morgan Stanley in 2001, met senior Morgan Stanley bankers yesterday.

The New York Times reports that "several" managing directors have named Mack as the most suitable person for the job, vacated when former chief executive Philip Purcell resigned last week following pressure from former executives and shareholders.

The paper said that institutional investors and outside candidates have also recommended Mack, according to unnamed people close to the search, who also said the bank's board has started to recognise his suitability.